Saturday, December 29, 2012

Along with my regular Drip purchases that went through on Wednesday, an open limit order with TEVA also went through.

Purchased 40 shares at $37.65 for an initial yield of 2.08%.

TEVA is the largest generic pharmaceutical company in the world and is currently trading with a forward PE of 7 (among its lowest since 1998 verses its normal PE range of 20-22). I believe TEVA represents very good value at these prices.

Tuesday, December 11, 2012

We have had a little rally over the past week. Market was up 79 points to close at 13,248.

Today's buys:

$250 of EXC at $30.05. Yield 6.99%. I am currently down about 20% on my EXC position and I do think there is a good chance for a divided cut next year. With that said, I do think it is over sold. Iam not going to aggressively add to this position but do think it offers value in the $30 and below price range. Of course I could be catching a falling knife.

Tuesday, November 20, 2012

I could not pass up adding today as the stock opened up 3.5% lower on the retirement of the CEO.

Pulled the trigger on 200 shares at $19.63 for an initial yield of 4.58%.

Did I catch the bottom? Most likely not.

However, I am happy collecting a 4% plus yield on a premium blue chip that I believe will right the ship despite the fears of slowed growth in the PC market and lack of market share in the mobile chip market.

Tuesday, November 13, 2012

We have had a small correction since Obama was re-elected last week as attention has focused to the fiscal cliff and the realty of another 4 years of Obama. With that said, some stocks are starting to look attractive again. Among my favorites, McDonalds and Intel are both sitting at 52 week lows. Intel is looking especially attractive sitting at $20.28 and a 4.4% yield.

Exelon (EXC) is also sitting at a 52 week low ($29.94..7% yield) and has been pummeled over the last week after the CEO announced a possible dividend cut sometime in 2013. I believe it is oversold here and may average down.

Today's buys went through on another down day and was off 59 points to close at 12,756.

Thursday, October 4, 2012

Trimmed my postion in CLGX today to lock-in a very nice gain. CLGX has been on a tear: up 111% YTD and over 160% the last year. Here is the 1 year chart:

CLGX is a growth stock and does not pay a dividend. The valuation has gotten frothy with a PE of 48 and forward PE of 23.5.

I sold 300 shares at $27.65.

Took the proceeds and bought 300 shares of INTC at $22.45 to lock in a 4.01% yield. My portfolio is very light tech so this purchase adds some tech exposure. I have had my eye on INTC for some time and have been waiting for a 4% yield entry.

Thursday, September 13, 2012

QE3 announced and market gains 207 points to close at 13,540. Fed says they will be buying $40 billion in mortgage-backed securities each month and keep rates at artificial and "exceptional" low rates until at least 2015.

Good news for investors that own financial assets and precious metals. Bad news for the poor, middle class, and fixed income savers.

Watch out for inflation in the coming months and years.

Silver was up over 4% to close at $34.67. Gold up 2% to close at $1772.

In other news, PM raised dividend 10%! Corresponds with 4% gain to close at $90.13.

Looking to the future and what I expect to be a heavy inflationary period, a cant lose portfolio are cigarettes and precious metals. PM and PM's!

Thursday, September 6, 2012

Big rally today in the market as it closed up 244 points to close at 13,292- the highest point since December 2007!

For better or worse, I stayed fully invested throughout the turmoil and the subsequent recovery and my net worth is 3x higher now then it was in December 2007.

Looking back, it makes me realize that one of the most important traits of a successful investor is guts. Be willing shake off gut wrenching paper losses without selling and have the balls to buy more when the market is a complete train wreck.

Tuesday, July 17, 2012

Not too many bargains in the stocks I follow now. Most of my stocks have had some good run ups. Cyclicals are one of the few sectors that are attractively valued. I have my eyes on CAT and if I can get it around 3% initial yield ($70), I will initiate a position. It closed today at $81.92. I would also love to initiate positions in V and MA but they keep going up and up.

Wednesday, June 6, 2012

I had a feeling the market was oversold and today the market bounced back for the biggest percentage gain of the year. Market gained 284 points to close at 12,415. It is impossible to judge where the market will go from day to day and we will probably have a 100 plus point down day before the end of the week.

Tuesday, June 5, 2012

The market continues to tumble and is now negative for the year. The Dow has been down 3.6% the past week to close today at 12,128. I will continue to buy and build my income stream as the market goes down.

Tuesday, May 22, 2012

Market has been choppy. It was up most of the day before losing steam
towards the end and closed down a point to finish at 12,503. Most of
the Sharebuilder orders went through at the beginning of the day when
the market was up. That is my biggest negative on Sharebuilder. On
days like this, it costs me a percent. If I could control the orders and
the date of purchase, I would probably be able to buy 1-2% cheaper.
Especially in a volatile market. Anyways, added the following today:

$200 of CVX at $100.30. Yield 3.59%. 5 year average yield is 3.1%. Avg PE 9.8. Current PE=7.3.

Tuesday, May 15, 2012

Market has corrected around 5% or so in the past 2 weeks. The oil stocks are looking attractive again. Today's purchases via Sharebuilder went through on another down day with the market closing down 63 points at 12,632.

$200 of EXC at $38.62. Yield 5.44%. 5 year average yield is 4%. PE 12.8

$199 of PG at $63.87. Yield 3.52%. Will continue to buy PG at 3.5%+ yield. 5 year average yield 2.6%. PE 19.5.

About Me

I am a 30- something sales rep with the goal of acquiring income producing assets so I can exit the rat race. This blog will chronicle my investing and passive income progress.
My other hobbies are rugby and strength athletics- highland games, strongman, power lifting, and olympic lifting.